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Daily Archives: December 22, 2021

Hitachi Energy wins major contract for the first-of-its-kind sub-sea power transmission network in the MENA region advancing a sustainable energy future for Abu Dhabi

HVDC Light® will connect low-carbon power from the mainland grid to ADNOC’s production operations as a strategic project to enable a sustainable, flexible and secure power supply. Zurich, Switzerland, Dec. 22, 2021 (GLOBE NEWSWIRE) — Hitachi Energy today announced it has won a major order from Samsung C&T Corporation, one of the world’s largest engineering […]

HPTN Studies Inform FDA’s Approval of ViiV Healthcare’s Long-Acting Cabotegravir Injections for HIV Prevention

DURHAM, N.C., Dec. 21, 2021 (GLOBE NEWSWIRE) — Data from the HIV Prevention Trials Network (HPTN) studies HPTN 083 and HPTN 084 helped provide important information for yesterday’s decision by the U.S. Food and Drug Administration (FDA) to approve ViiV Healthcare’s long-acting cabotegravir (CAB-LA) injections for the prevention of HIV. Sponsored and co-funded by the […]

IT Minister Urges Ericsson Pakistan to Hire Local Youth

Delegation of Ericsson Pakistan Pvt. Ltd. called on Federal Minister for IT and Telecommunication, Syed Amin Ul Haque, on Wednesday.Matters related to digitalization and mobile phone manufacturing were discussed during the meeting.Talking to the delega…

Govt Doubles Local Car Production Target Under New Auto Policy

Federal Minister for Information and Broadcasting, Fawad Chaudhry, has said that the government has set a 0.5 million car production target under the new auto policy.The minister after the cabinet briefing informed the media that the government has set…

QisstPay Gets Pakistan’s First Non Banking Finance Company License

For the first time in the country’s bleak startup history, the Securities and Exchange Commission of Pakistan (SECP) has awarded a Non-Banking Finance License to the highly popular Buy Now Pay Later (BNPL) startup QisstPay.According to the company’s co…

Cabinet Delays Rs. 360 Billion Mini-Budget As IMF Loan Nears Maturity

The federal cabinet has postponed the ratification of the proposed Rs. 360 billion mini-budget and a contentious central bank autonomy legislation to analyze government capital and national security.The government has delayed the announcement for the i…

Habib Bank and China Machinery Engineering Pen MoU on Agriculture

A Memorandum of Understanding (MoU) between Habib Bank Limited (HBL) and China Machinery Engineering Corporation (CMEC) on Agricultural Cooperation was signed towards the end of the CPEC Industrial Cooperation B2B Investment Conference in Lahore.Federa…

Rupee Breaks Its Own Record Against Dollar Again Despite Good News from the US

The Pakistani Rupee (PKR) fell to another new all-time low against the US Dollar (USD) and depreciated by 10 paisas against the greenback in the interbank market today. It hit an intra-day low of Rs. 178.57 against the USD during today’s open market se…